Prospects For Tax Extender Correction Dim

As we march closer to the end of the calendar and another presidential election year, the chances for corrective action by Congress to reinstate important tax extenders grows dimmer each week according to Ways & Means ranking member Kevin Brady (R-TX). Several important tax incentives were erroneously eliminated by a drafting error in the Tax…

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Lame Ducks Pass on Depreciation Fixes

Unfortunately, the lame duck 115th Congress will expire without correcting errors in the Tax Cuts and Jobs Act of 2017 (TCJA) that directly impact small businesses across the nation. The TCJA as passed last December did not extend accelerated depreciation and although there was a whole year to correct the oversight, the rancorous partisanship in…

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Congress Tees Up Critical Bill

Although it hasn’t made it to the President’s desk just yet, an important tax relief & spending authorization deal appears to have been reached in Congress this week and seemingly contains a few small but important Christmas gifts for small business if the deal holds and the bills signed into law by the President.  Three…

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